Economy

The Congressional Budget Office acknowledged limitations in its research of expected flood damage data.

Positive signs on jobs and inflation help drive the 10-year Treasury yield lower, and lead investors to forecast a short-term rate cut sooner than later, Freddie Mac said.

More than 50% of aspiring buyers expect their next purchase will cost less than the latest median value, according to the National Association of Home Builders.

The Federal Reserve's struggle in bringing inflation down from its current level to its 2% target may come down to how the government measures shelter costs in the U.S., leading some experts to question whether the problem is in the economy or in how it is measured.

News on the jobs front on Wednesday eliminated two-thirds of the six-day gain in Treasury yields.

First Foundation will use the large investment to shrink its multifamily loan portfolio, which has weighed down its earnings since interest rates began rising.

The core personal consumption expenditures price index, which strips out food and energy, increased 0.1% from the prior month, the smallest in six months.

But economists seem to differ on what the latest movement in mortgage rates means for the summer home sales business.

The sales pace is now at the low end of the range seen over the past year, suggesting limited momentum amid a lack of affordability.

The decline for the third consecutive week reflects investors' belief that the Federal Open Market Committee is likely to cut rates this year.